#MarketDownturn
Surprisingly, #WIF is breaking records! For myself, I decided a while ago that meme coins aren’t for me. They’re fun and can be profitable at times, but very unreliable.
Still, sometimes I trade meme coins. This fall, one caught my eye unexpectedly - WIF, a cute dog in a hat. There are thousands like it, but there’s something different here.
Specifically, this meme coin follows a similar style to other coins featuring Musk’s favorite dog, which already gets it some attention. Secondly, it’s supported by the #Solana network.
The logical conclusion? If Solana grows, WIF might follow. Right now, this token is actively rising, aiming for its all-time high. Riding the hype, I traded this coin a bit.
But I’m not sure it’s worth holding for the long term.
This is just a heads-up to help you notice patterns and track who supports a coin. I think as soon as Solana starts to reverse and go down, WIF will likely dip too.
I’m not encouraging you to buy this token. This is just informational. Always check all information before trading!